Victory Electric Vehicles Limited IPO GMP Live, Open Date, Close Date, Price Band

Victory Electric Vehicles Limited IPO open date is May 20, 2025, while the closing date of the IPO is May 23, 2025. The upcoming IPO is an entirely fresh issue, which is up to 56,47,000 shares, which is worth Rs 40.66 Crore.

Victory Electric Vehicles' IPO face value is Rs 72 per share. Meanwhile, the face value of the share is Rs 5 per share. As of now, the live GMP of the Victory Electric IPO is at 0, indicating neutral sentiment and neutral interest among investors for this IPO

Victory Electric Vehicles' IPO lot size is 1,600 shares, while the tentative allotment status of the IPO is Tuesday, May 27, 2025. Meanwhile, the minimum investment for retail investors is Rs 1,15,200, and for the HNI, the minimum investment is Rs 2,30,400. The registrar for the Victory Electric Vehicles IPO is Maashitla Securities Private Limited. The listing date of the IPO is Wednesday, May 29, 2025.

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Victory Electric Vehicles IPO GMP Live

Victory Electric Vehicles IPO GMP is at Rs 0. The IPO GMP indicates the interest from the retail investors. It is expected that the listing price can be near or above Rs 72 per share. Meanwhile, you can check the latest grey market premium for the IPO once it comes.

Victory Electric Vehicles IPO Price Band

Victory Electric Vehicles IPO price band has a face value of Rs 5 per share. The minimum amount required for retail investors to participate in this IPO is Rs 1,15,200 (72 x 1,600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,42,400 (144 x 3200 shares).

Victory Electric Vehicles Allotment Status

Victory Electric Vehicles IPO Allotment status will be available on its registrar website on  Tuesday, May 27, 2025. Once the subscription ends after the closing of IPO bidding, the allotment status for the investors will be available on the registrar’s website.

Victory Electric Vehicles Listing Date

The IPO listing date of Victory Electric Vehicles is Wednesday, May 28, 2025. The Listing will be at the NSE SME platform. Retail investors can sell or reinvest in the shares after 10 AM on the listing day.

Victory Electric Vehicles IPO: Listing Date, Lot Size, Issue Size, Price Band

Victory Electric Vehicles Limited: About the Company

Incorporated in October 2018, Victory Electric Vehicles International Limited is leading the way in making eco-friendly mobility and works on making, selling, and distributing electric motorcycles, three-wheeled vehicles, and light trucks.

By using better battery technology and making tools that work well, the company can make products like electric rickshaws and scooters that do a good job while also being good for the environment. Beyond just its main models, Victory Electric Vehicles also allows customers to build their three-wheel vehicles, which can be used for mobile food trucks, ice cream sellers, or things like delivery vans, so operators can choose a style that fits their specific business.

The company keeps putting money into research and development so batteries can last longer, drivers can go farther on a single charge, and overall owning costs can go down. Strategic partnerships with charging infrastructure companies and good follow-up support help make things go smoothly for customers in both cities and out in the countryside. Positioned to benefit from growing incentives for electric vehicles worldwide, Victory Electric wants to help speed up the move to cleaner transport, help the economy, and care for the environment by offering various electric cars.

Victory Electric Vehicles IPO Objectives

Victory Electric Vehicles aims to deploy the IPO net proceeds to various places. They aim to deploy Rs 5 crore to expand manufacturing capacity and upgrade their infrastructure. Meanwhile, they aim to employ Rs 22 crore to fund working capital needs, increasing inventory and increasing day-to-day operations. Meanwhile, they aim to deploy Rs 7.5 crore for general corporate purposes, including marketing initiatives and reinforcing the balance sheet. 

Victory Electric Vehicles IPO: Key Dates, Allotment, Listing Date

Victory Electric Vehicles IPO Promoter Holdings

Victory Electric Vehicles IPO promoters are Sanjay Kumar Popli, Seema and Palak Poply. Their shareholding combined pre IPO is 97.41%, while the post IPO their shareholdings will be 71.6%.

Victory Electric Vehicles Limited Financials (Amt in Rs Cr)

Lead Manager and Registrar of Victory Electric Vehicles IPO

Victory Electric Vehicles' lead manager is Corpwis Advisors Private Limited. The company has appointed Maashitla Securities Private Limited as the registrar for this public issue.

How to apply for the Victory Electric Vehicles IPO

Interested investors who want to apply for the Victory Electric Vehicles IPO can directly apply from the Bigul trading app, or you can apply on the Bigul website by visiting here. You can also check the details of the upcoming IPO on the Bigul platform.

Victory Electric Vehicles IPO FAQS

1. What are the core details available about the Victory Electric Vehicles IPO?

Victory Electric Vehicles IPO is a fixed price issue worth Rs 40.66 crores. The price band for this IPO is currently not shared. This upcoming IPO is offering an entirely fixed price of 56,47,000 equity shares worth up to Rs 40.66 crore.

2. What are the Victory Electric Vehicles IPO open date and close date?

Victory Electric Vehicles' IPO subscription opens on May 20, 2025, and closes on May 23, 2025.

3. What is Victory Electric Vehicles IPO GMP Live?

Victory Electric Vehicles IPO GMP is at Rs 0. The IPO GMP today indicates the interest of retail investors. It is expected that the listing price can be the same or near the allotment price, which is Rs 72 per share. You can check the latest IPO Grey Market Premium today online.

4. How do you check the IPO Allotment status?

Victory Electric Vehicles IPO Allotment status is available on its registrar, Maashitla Securities Private Limited. Once the IPO subscription ends after the closing of the IPO bidding, the allotment status of investors who applied for the IPO will be available on the registrar's website.

5. Who are the registrar and lead managers of the Victory Electric Vehicles IPO?

Victory Electric Vehicles IPO lead manager is Corpwis Advisors Private Limited. The company has appointed Maashitla Securities Private Limited as the registrar for this public issue.

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